- Ireland’s election called a “transformative moment” in nation’s history: a “pencil revolution” at the ballot box
- The Fianna Fail party has been annihilated at the polls: the party locked Ireland into an 85 billion euro loan from the EU/IMF at an interest rate of 6% and relinquished sovereignty
- New government has just days to stop transfer of tax payer money to foreign bondholders following draconian EU/IMF budget passed in December
- 85% of the income tax revenue will be used to service the EU/IMF loan by 2012 in an economic Blitzkrieg
- EU insists Ireland must pay banks setting stage for “collision” with new Irish government
- Spirit of independence of 1916 awakening as country faces crushing taxation without representation by imperial-style EU administration
Irish voters have delivered “electoral Armageddon” to the Fianna Fail government that saddled tax payers with the obligation to pay interest on a mountain of private bank debt.
Interest on the national debt is set to consume a 85% of the country’s income tax revenues by 2012, according to The Telegraph.
Fine Gael won the most seats in the 166-seat Dáil at 76 and looks set to form a government with the Labour party, which won around 37 seats. Sinn Fein trebled its seats to win 15, including Donegal South West.
Fianna Fail was relegated to the wilderness with 20 seats in an annihilation of historical proportions for the first government in the eurozone to lock its people into an EU/IMF loan.
The stunning ousting of the country’s ruling party that has ruled for 61 of the past 80 years has been called the “pencil revolution” and compared with the uprisings in the Middle East but without bloody street battles. Read the rest of this entry »
Posted by Jane Burgermeister